Montana Collection Laws
Many states impose responsibilities, liabilities and penalties upon companies for activities of Montana debt collectors engaged by them in the collection of debts. You need to know the Montana collection laws and state debt collections law.
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You can be held accountable for what your Montana collection attorney does or
doesn't do. You must know the Montana collection laws, and the information here
can reduce your liability by giving you the state debt collections law
information for making informed decisions. Please study the Montana collections laws listed below
and make sure your Montana collection lawyer abides by them to the letter.
Debt collections law vary, and knowing the right collection
law for your state and your debtor's state is essential. Here you can read up
on: Montana Statute of Limitations, Montana Judgments, Montana Garnishments,
Montana Interest Rates, Montana Bad Check Laws and Montana Collection Agency
Requirements.
INTEREST RATE
Legal: 10%
Judgment: 10%
A binding written agreement may provide for interest of 15% or 6% above prime
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 5
Written Contract: 8
Domestic Judgment: 6 (over $5000) Renewable
Foreign Judgment: 6 Renewable
BAD CHECK LAWS (CIVIL PENALTY)
$100 minimum or 3 times face value up to $500
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND & LICENSE
Bond: No
License: No
Fee: No
Caveats:
Foreign corporations should register with MT Sec. of State prior to any suit in
MT Courts or risk dismissal.
Attorney fees only if provided by a signed written agreement.
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a FREE Montana Collection Attorney quote now.